Look for Long Wait Times for New LLCs and Corporations

If you’re planning to get a new business structure in place before year-end to save on taxes, start early this year. We’re seeing wait times as long as 4 months to get entities set up in states like California already.

Typically, we’re looking at last minute business structures for:

Sole Proprietorships who are tired of paying more in taxes, facing higher audit risk and huge total liability.
Business owners with taxable income greater than $250,000 who want to legally save an immediate $15,000 or more in taxes.